Diseconomies of scale refers to returns that occur in the long run when:
A) an increase in the quantity of output decreases average total cost.
B) an increase in the quantity of output increases average total cost.
C) average total cost does not depend on the quantity of output.
D) None of these is true.
Correct Answer:
Verified
Q104: Average total cost:
A) is the sum of
Q120: The additional cost a firm will incur
Q122: When a firm can achieve economies of
Q125: If the marginal cost of hiring another
Q126: A firm currently employs four workers in
Q127: The short run:
A)means the firm is fixed
Q128: Returns that occur in the long run
Q129: Returns to scale describes the long-run relationship
Q134: How long is the long run?
A) A
Q138: A long-run ATC curve shows:
A) the minimum
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